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    2021-12-03

early amortisation provision

89

  1. (1) (in BIPRU) (137 in relation to a securitisation within the meaning of paragraph (2) of the definition of securitisation) a contractual clause which requires, on the occurrence of defined events, investors' positions to be redeemed prior to the originally stated maturity of the securities issued.

[Note: article 100 of the Banking Consolidation Directive (Securitisation of revolving exposures)]137

  1. (2) (except in (1)) has the meaning in article 242(16)134 of the UK CRR137.